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The first joint venture company between the Maldives Tourism Development Corporation, MTDC, and 56 private investors was registered with the Ministry of Trade on the 5th of June.

The MTDC holds 51% shares and private investors 49% share in the new company, Fathuru Maldives.
The company has a declared capital of 750 million rufiyaa (US$ 1=11.75 Rf)
The MTDC earlier said that some islands leased for resort development from the government would be entrusted to such joint venture companies in which the MTDC holds equity.
 

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